PYC4808 Assignment 2: 588438 Student number: 50365916 5/29/2015 TABLE OF CONTENTS Page Number 1. Name and define the first order cybernetic principles as described in your prescribed book. 2 2. Name and define the second order principles as described in your prescribed book.
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Competitive advantage therefore can be achieved by establishing cost leadership. The ultimate challenge faced by any company would be to leverage between the escalating operational costs and falling revenues so as to maximise the profits. Determine the costing procedure of an airline industry and the various possible efforts it takes to reduce the costs. The airline industry employs a trend and horizontal analysis to evaluate its performance and productivity. This industry can be categorised into international
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* Standard Costing Introduction Cost figures‚ in general‚ can be divided into two broad categories. They are Historical Costs and Standard Costs. Historical costs are available‚ after they are incurred. Such cost figures may have some value‚ once they are analysed. By analysis‚ the inefficiencies and deficiencies in production may be detected. However‚ the damage would have occurred‚ by the time the analysis under Historical costs is made. Analysis can be done only after the completion of the
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Compare and contrast job order costing to process costing methods. Comparison: These systems are to determine the manufacturing costs of products. Both costing systems combine direct materials‚ direct labor and overhead which is indirect costs or could be considered a direct cost in the process costing method nonetheless both systems use this in the process of producing products. The manufacturing accountants assign cost objectives to raw materials inventory‚ work in process inventory and finished
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Case Analysis on Steve Jobs - Praneeth Konduri (srk591) Who is Steve Jobs? Steve Jobs‚ co-founder of Apple Computer‚ is considered an inventor in the modern era of computers and mobile phones. He is regarded as the person who ran Apple computers. He made the company so successful that it became the most valuable company in the history by 2012 (a while after his demise) (Forbes‚ 2012). He used strong leadership traits to achieve this success. The organizational structure in the company was very top-down
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Letter of Order Philippine Overseas resources agency 1199 Roxas Boulevard‚ Malate‚ Manila October 19‚ 2014 Taurus supplies incorporated 334Juan Luna‚ Binondo‚ Manila Dear Mr. Dustin Jared Dela Cruz Thank you for sending your catalog so promptly. It arrived within a few days of my request. Please send me the following items by parcel post: 5 boxes of bond paper‚ Price of 1 box at P500 5 boxes of short folders‚ Price of 1 box at P650 2 boxes of ballpoint pen Price of 1 box at P150 Total P 6050
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Stated Write the letter of the method that is most applicable to each statement. a. Specific identification b. Average cost c. First-in‚ first-out (FIFO) d. Last-in‚ first-out (LIFO) ____A___ 1. Is the most realistic ending inventory ____D___ 2. Results in cost of goods sold being closest to current product costs ____C___ 3. Results in highest income during periods of inflation ____C___ 4. Results in highest ending inventory during periods of inflation ____B___ 5. Smooths out costs during periods
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18: Process Costing Abstract This paper identifies the key points on Process Costing. It covers over various topics like the flow of costs through a process costing system‚ how to calculate equivalent units of production for direct materials and conversion costs‚ the preparation of a production cost report‚ and how to prepare journal entries for a process costing system. Examples will also be shown on how process costing is used in the real world through cases‚ projects‚ and
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STANDARD COSTING VARIANCES Materials Actual Production X X X Vs. Standard Usage Standard Price Actual Usage Actual Production X X X Vs. Standard Usage Standard Price Actual Usage Actual Price Actual Price Total Variance Actual Production X X X Vs. Standard Price Actual Usage Actual Usage Actual Production X X X Vs. Standard Price Actual Usage Actual Usage Price Variance Actual Price Actual Price Standard Price Standard Price Actual Usage
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GENERAL AND POST ORDERS Instruction: General orders for security guard provide directions and instructions of general application of the job. Each security guard is responsible for being fully familiar with and responsive to the general orders. These orders will not be modified or revised without the written authority of Human Resources Department. 1. Manner of Performance of Duty and Uniform 1. Security personnel will be firm yet courteous‚ efficient and tactful at all times
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